Arhaus’ (ARHS) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Arhaus (NASDAQ:ARHS) in a research report report published on Friday,Benzinga reports. Telsey Advisory Group currently has a $11.00 price objective on the stock.

ARHS has been the topic of a number of other reports. Barclays reduced their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and lowered their price target for the stock from $14.00 to $10.00 in a research note on Tuesday, October 15th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Wedbush lowered their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Stifel Nicolaus decreased their price target on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.10.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $10.88 on Friday. The company’s fifty day moving average price is $9.79 and its 200-day moving average price is $11.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 14.78 and a beta of 2.58. Arhaus has a one year low of $8.30 and a one year high of $19.81.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Arhaus will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Arhaus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its holdings in Arhaus by 26.6% in the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after purchasing an additional 2,536,075 shares in the last quarter. American Century Companies Inc. raised its stake in Arhaus by 120.6% in the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after buying an additional 2,219,554 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after buying an additional 1,859,398 shares during the period. William Blair Investment Management LLC bought a new stake in Arhaus during the 2nd quarter valued at approximately $21,034,000. Finally, Wellington Management Group LLP grew its holdings in shares of Arhaus by 107.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after acquiring an additional 636,691 shares during the period. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Company Profile

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.